Geode Capital Management LLC Has $13.72 Million Holdings in Sturm, Ruger & Company, Inc. $RGR

Geode Capital Management LLC trimmed its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 382,183 shares of the company’s stock after selling 6,716 shares during the quarter. Geode Capital Management LLC owned approximately 2.36% of Sturm, Ruger & Company, Inc. worth $13,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. bought a new position in Sturm, Ruger & Company, Inc. during the second quarter valued at approximately $234,000. Teacher Retirement System of Texas raised its holdings in shares of Sturm, Ruger & Company, Inc. by 16.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 150,706 shares of the company’s stock valued at $5,410,000 after purchasing an additional 21,733 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter valued at $1,105,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $438,000. Finally, Allianz Asset Management GmbH bought a new stake in Sturm, Ruger & Company, Inc. in the second quarter worth $404,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Tuesday, November 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Sturm, Ruger & Company, Inc. Stock Down 1.4%

NYSE RGR opened at $29.71 on Tuesday. Sturm, Ruger & Company, Inc. has a twelve month low of $28.33 and a twelve month high of $48.21. The stock has a market cap of $473.70 million, a P/E ratio of 95.84 and a beta of 0.13. The company’s 50-day simple moving average is $39.60 and its 200 day simple moving average is $37.12.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The company had revenue of $126.77 million for the quarter, compared to analyst estimates of $124.22 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, November 17th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 123.08%.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, Director Christopher John Killoy sold 8,776 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $40.00, for a total transaction of $351,040.00. Following the completion of the transaction, the director directly owned 28,249 shares of the company’s stock, valued at approximately $1,129,960. This trade represents a 23.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 10,500 shares of company stock worth $415,480 in the last three months. Corporate insiders own 4.60% of the company’s stock.

Sturm, Ruger & Company, Inc. Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.